Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Government tries to help those left out of student loan forgiveness The Education Department is exploring strategies to do something to help the nearly 5 million people whose student loan debt forgiveness was “overlooked”. Former students who borrowed under the FFEL program are excluded from the loan forgiveness program,… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Stock futures fall ahead of economic symposium Fears of aggressive interest rate hikes returned to Wall Street this week as stock futures fell. Investors are anticipating a volatile week as the Fed holds its annual Jackson Hole economic symposium. Home showings and deals are down as mortgage rates lower… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Stock futures flat after modest gains Opening another uncertain week, stock futures were flat after modest gains on Monday. Energy and financials initially dragged markets down, but later in the day, consumer staples, communication services and consumer discretionary stocks rallied. IRS announces interest rate increases that will apply to… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Payrolls increase in July The Bureau of Labor Statistics reported on Friday that hiring in July was far better than expected, with payrolls increasing by 528,000. The surprising number is a sign of strength for the jobs market. Workers in only two industries making wages in line with rising… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Gold makes steady gains early in the week A weaker dollar and a dip in US Treasury yields boosted demand for gold on Tuesday amid mounting worries of an economic slowdown. American manufacturing rates slip New numbers from the Institute for Supply Management show that manufacturing pace dipped in… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Social media shares tumble, but traders feel optimistic Stocks wobbled last week as investors digested new corporate earnings information. Social media companies took the brunt of the fall, with disappointing results announced all around. Twitter blames Musk for value drop Twitter shares were down last week as results missed… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Apple leads the stock market down U.S. stocks fell sharply into the final hour of trading Monday . News that Apple plans to curb spending next year to prepare for a possible recession seemingly had a major effect on other stocks. Delta buys a hundred Boeing 737 Max 10’s… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Twitter set to sue Elon Musk Twitter and Elon Musk are set to go to court, after the social media giant vowed to sue Musk over backing out of the $44 billion buyout deal. Stock markets open low U.S. stocks fell at the beginning of the week as investors… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Stock futures show signs of picking up this week Stock futures inched higher at the beginning of this shortened holiday week. This was welcome news from analysts, after coming off of another weak finish on Friday. Thousands of flights canceled over holiday weekend Travelers showed up in record numbers… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Exxon CEO predicts every car sold will be electric by 2040 Darren Woods said during an interview last week that the bold prediction is not a threat to Exxon’s business. He stated that even with the change, oil demand would only drop down to 2013-2014 levels, which was still… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. After bad end to last week, stock futures see slight improvement The stock market showed hints of improvement on Monday. Emerging after last week’s freefall, investors questioned if last week’s selloff had gone far enough to price in concerns about rising rates and slowing growth. Gas prices ease a… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Jan. 6 hearing continues to dominate headlines Politico has provided a summary of the second hearing, which took place on Monday. It can be found here. Recession fears loom after Wall Street plunge The S&P 500 sunk more than 20% below its record low on Monday, falling firmly into… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Price of gas rises yet again The national average gas price is now $4.87, with 10 states sitting at over $5 a gallon. Many more states are just pennies away, and costs are expected to rise further over the summer. Elon Musk threatens to walk away from Twitter deal… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Market rally extends gains Coming off promising increases at the end of last week, Dow Jones futures rose recently, snapping a weeks-long losing streak. Biden meets with Powell amid rising inflation rates President Joe Biden met with Federal Reserve Chair Jerome Powell at the Oval office on Tuesday to… Read more
US Weekly Digest – May 25, 2022 Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. President’s comments signal change from strategic ambiguity policy with China During a visit to Tokyo, President Biden said that the US would intervene militarily if China were to invade Taiwan. Starbucks follows McDonald’s out of Russia for good The coffee chain announced… Read more
US Weekly Digest – May 18, 2022 Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Gas prices of $5/gallon could become the norm The price of gas hit a new record high on Monday, reaching $4.48/gallon. Prices have increased 40 cents in a month, and are now 27% higher than they were the day before Russia invaded… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Americans rapidly taking on debt Consumer debt levels climbed by $52.4 billion in March, according to Federal Reserve data released Friday. Pent-up spending after lockdown and consumers turning to credit cards to cover rising cost of living are likely factors, says credit analyst. Feds increase interest rates by 0.50%… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. US GDP falls The US GDP fell 1.4% in the first quarter, the first time the economy has shrunk since early in the pandemic. S&P 500 drops more than 13% The S&P 500 had its worst four-month start to a year since 1939, falling more than 13%… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Government Sees Strong GDP Growth in 2022 While the government sees more risks to the economy in the months ahead due to rising prices and Russia’s invasion of Ukraine, it still expects healthy GDP growth in 2022. This comes after the International Monetary Fund estimated that the US will… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. CDC Removes All Countries from COVID “Do Not Travel” List The US Centers for Disease Control and Prevention has removed all countries from its “Do Not Travel” recommendations. The highest Level 4 designation will now be reserved for “special circumstances” reflecting a dangerous spike in COVID-19 cases, a new… Read more